RIA Advisory Group LLC Buys Shares of 13,815 MongoDB, Inc. (NASDAQ:MDB)

RIA Advisory Group LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,815 shares of the company's stock, valued at approximately $5,648,000. MongoDB makes up 1.6% of RIA Advisory Group LLC's portfolio, making the stock its 8th biggest position.

Other large investors have also recently modified their holdings of the company. KB Financial Partners LLC acquired a new position in MongoDB during the 2nd quarter valued at approximately $27,000. Bessemer Group Inc. acquired a new position in MongoDB during the 4th quarter valued at approximately $29,000. BluePath Capital Management LLC acquired a new position in MongoDB during the 3rd quarter valued at approximately $30,000. Blue Trust Inc. increased its stake in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company's stock valued at $34,000 after purchasing an additional 75 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in MongoDB during the 3rd quarter valued at approximately $35,000. Institutional investors own 89.29% of the company's stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 10,000 shares of the company's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $469.84, for a total value of $4,698,400.00. Following the transaction, the chief financial officer now directly owns 70,985 shares in the company, valued at approximately $33,351,592.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Michael Lawrence Gordon sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total value of $4,698,400.00. Following the sale, the chief financial officer now directly owns 70,985 shares of the company's stock, valued at $33,351,592.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the completion of the sale, the director now directly owns 1,154,784 shares in the company, valued at $421,496,160. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,802 shares of company stock worth $36,356,911. Corporate insiders own 4.80% of the company's stock.

MongoDB Price Performance

Shares of MongoDB stock traded down $8.08 on Friday, hitting $327.47. The company's stock had a trading volume of 1,352,756 shares, compared to its average volume of 1,379,730. MongoDB, Inc. has a 52-week low of $212.52 and a 52-week high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The firm has a fifty day moving average price of $390.81 and a 200-day moving average price of $389.91. The company has a market capitalization of $23.85 billion, a P/E ratio of -132.04 and a beta of 1.19.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million during the quarter, compared to analysts' expectations of $431.99 million. On average, equities research analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MDB. Guggenheim increased their price objective on shares of MongoDB from $250.00 to $272.00 and gave the stock a "sell" rating in a research note on Monday, March 4th. Needham & Company LLC reissued a "buy" rating and set a $465.00 price target on shares of MongoDB in a report on Tuesday, April 9th. Citigroup increased their price objective on shares of MongoDB from $515.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. DA Davidson raised shares of MongoDB from a "neutral" rating to a "buy" rating and raised their price target for the stock from $405.00 to $430.00 in a research note on Friday, March 8th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $435.00 price target on shares of MongoDB in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, MongoDB currently has an average rating of "Moderate Buy" and a consensus target price of $444.93.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.